Mufg Securities Americas Inc. Invests $16.65 Million in Tesla, Inc. (NASDAQ:TSLA)

Mufg Securities Americas Inc. bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,226 shares of the electric vehicle producer's stock, valued at approximately $16,649,000. Tesla makes up about 2.1% of Mufg Securities Americas Inc.'s holdings, making the stock its 6th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in TSLA. MY.Alpha Management HK Advisors Ltd acquired a new position in shares of Tesla in the fourth quarter worth about $8,406,000. Nissay Asset Management Corp Japan ADV lifted its position in shares of Tesla by 6.4% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 551,768 shares of the electric vehicle producer's stock valued at $238,176,000 after acquiring an additional 33,305 shares in the last quarter. NWI Management LP boosted its stake in Tesla by 161.7% in the 4th quarter. NWI Management LP now owns 15,700 shares of the electric vehicle producer's stock worth $6,340,000 after purchasing an additional 9,700 shares during the period. Nearwater Capital Markets Ltd purchased a new position in Tesla during the 4th quarter worth approximately $95,306,000. Finally, Nicholas Investment Partners LP raised its stake in Tesla by 11.2% during the 4th quarter. Nicholas Investment Partners LP now owns 3,752 shares of the electric vehicle producer's stock valued at $1,515,000 after purchasing an additional 378 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Up 4.9%

TSLA opened at $334.07 on Wednesday. The business has a 50 day moving average of $260.85 and a 200-day moving average of $328.28. The stock has a market capitalization of $1.08 trillion, a price-to-earnings ratio of 163.76, a P/E/G ratio of 5.86 and a beta of 2.43. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $167.41 and a 1-year high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The company had revenue of $19.34 billion during the quarter, compared to the consensus estimate of $22.93 billion. During the same period last year, the company earned $0.45 earnings per share. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSLA. Piper Sandler set a $400.00 target price on Tesla in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered their price objective on shares of Tesla from $120.00 to $115.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 23rd. Stifel Nicolaus set a $450.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Thursday, April 24th. Mizuho dropped their price target on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Guggenheim restated a "sell" rating and issued a $170.00 target price on shares of Tesla in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $287.46.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 54,776 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $240.79, for a total transaction of $13,189,513.04. Following the sale, the director now directly owns 477,011 shares in the company, valued at approximately $114,859,478.69. The trade was a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $300.00, for a total value of $1,200,000.00. Following the completion of the sale, the chief financial officer now owns 26,950 shares in the company, valued at approximately $8,085,000. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 412,623 shares of company stock worth $115,600,501. Company insiders own 20.70% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.